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E-Commerce Market Size Statistics

(Updated February 2021)

The COVID 19 pandemic has certainly not hurt e-commerce. In fact, 2020 saw a steady increase in consumers utilizing retail e-commerce, and current trends show that e-commerce will continue to expand and grow. Here are some facts to know about e-commerce market size:

Quick Statistics

In 2019 e-commerce retail sales surpassed $3.5 trillion worldwide
E-commerce is projected to produce $4.5 trillion in revenue to 2021 and to surpass $6.5 trillion in 2022
E-Commerce retail sales in 2014 accounted for only $1.3 trillion dollars
Amazon is the biggest online retailer followed by Walmart and Ebay.
eCommerce currently accounts for 10% of all retail sales revenue
Approximately, $2 out of every $3 spent online is through a mobile device.
Most small businesses in America do not have a website even though e-commerce has a growth rate of 23% from the previous year.
Accounting for 53% of online transactions, Credit cards are the preferred payment method for e-commerce

The e-commerce market size will almost certainly continue to expand as time moves on. Since more and more people are using their mobile devices to do online shopping, retailers could see an opportunity boost in their sales - if they offer an easy and convenient way for their customers to shop with them.

Amazon is still the customer favorite for online shopping - whether it’s with a smartphone, mobile device, or computer - and it’s easy to see why. It’s easy for customers to navigate the site, find what they are searching for, read reviews, add items to cart, and check out securely. It’s also easy for their customers to get free shipping as well - 90% of online shoppers say they prefer free shipping, even if it’s not as fast as Amazon’s 2-day Prime offer.

Other online retailers would be wise to optimize their website with their mobile user in mind and streamline their checkout process.

What percent of sales is ecommerce?

Online sales or ecommerce accounts for roughly 10% of all retail sales revenue and is expected to continue to grow.

How fast is ecommerce growing?

E-commerce is growing at a face pace, and is on track to produce $4.5 trillion in revenue in 2021. The industry of ecommerce is growing at a rate of 23% a year.

How many ecommerce sites are there in 2020?

There are roughly 12-24 million e-commerce sites on the internet as of this writing, with more being added every day.